KCS/USD - Massive Bullish Divergence. Can KuCoin PUMP? 🚀With KuCoin making another local low, the three-day timeframe is now giving a massive bullish divergence on the RSI.
This is significant and it may take some time to materialize. As long as the price manages to hold at this support level then a relief rally becomes quite likely in the near term.
The market appears to have found a local bottom around these levels and with a bit of buy volume, it can reverse this downtrend, at least in the next few weeks.
On the daily timeframe, the chart is bullish but lacks sufficient volume right now.
The bias is mildly bullish right here, but it is contingent on the support holding.
Time to be patient, but taking a long position on dips may be the better trade right now compared to shorting.
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Kcs
KCSUSDT on the Channel's bottom. If broken = Selloff to 1W MA200The KuCoin token (KCSUSDT), is having a very bearish 7 day stretch that has brought the price exactly on the Higher Lows (bottom) trend-line of the 14 month Channel Up. All this bearish sentiment is coming amid general negativity in the crypto market and despite KuCoin's efforts to support the token with great promotions such as the latest BNB-7D\BNB-14D fixed with an APR of up to 8% (more info on their news webpage).
This is the last chance for the coin to recover the losses and make a market bottom, otherwise a weekly close below the Higher Lows trend-line can open the way to an even worse sell-off with a first target the 1W MA200 (red trend-line). As you see that aligns perfectly with the -0.236 Fibonacci extension.
On the bullish case, the 1D CCI Lower Highs formation has given us in the past 3 occurrences, a rebound to at least the 1D MA50 (blue trend-line), which is currently at 13.600. By the time of this potential contact, the 1D MA50 will most likely be on the 0.236 Fibonacci retracement level. A signal for a long-term bullish reversal can only be given by a break above the 1D MA200 (orange trend-line).
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KCS/BTC - The KCS magic vs Bitcoin may be fading! 😢KuCoin managed to outperform Bitcoin for the first six months of 2022. However, things appear to have changed in the past two months with KCS failing to make higher highs vs Bitcoin.
Now, the price is found at critical support at 5k satoshi and if it fails to hold here then KCS could fall back to 4k-3k satoshi.
The indicators are bearish and the USD chart is not looking better either. See below.
At best, KCS could consolidate above 3k satoshi and hopefully the market together with BTC will find a bottom that will allow KCS to recover again.
The bias remains bearish on this price action and I will revert back to this chart once we have a clean break from this current level.
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KCS/USD - KuCoin Token about to re-test CRITICAL SUPPORT! 😮KuCoin Token failed to bounce in any significant way in the second half of June and was sharply rejected by the resistance at $11.
Now, the price is going back to the critical support at $9. If it fails to hold here then the path will open up for a much lower valuation. Maybe even $6.
Unfortunately for KCS, the market remains bearish and with BTC under 20k, hopium is in short supply.
The indicators on the daily timeframe and above are still bearish. There is some hope that the RSI could make a bullish divergence in the future which could materialize later on. However, it is too early now to hope for that.
All eyes are on the $9 level. Can buyers save KCS here again?
The bias remains bearish due to the current price action.
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KCSUSDT 1D Buys and sells zones for Kucoin TokenLast week, we wrote that the purchase KCS at $10 for long-term trade can be considered a profitable purchase.
The trade is relevant, and the possible reversal pattern "Head and Shoulders" is also relevant and possible.
If you missed last week's idea, today fate gives you another chance to buy KCSUSDT
Purchase zone $9.05-9.55
Short-term take profit - $12.55
Medium-term take profit -$17.40
Global and critical stop for all positions below $8.24
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
How To Analyze Any Chart From Scratch - Episode 8Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on KCS, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS - My Detailed Trading Plan in a video!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for NZDCAD .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
KCSUDT Sideways into a potential MA100 bullish break-outThe KuCoin Token (KCSUDT) has been trading above its 4H MA50 (blue trend-line0 since June 23 in a sideways consolidation. The 1D MACD has just formed a Bullish Cross and the last time this set of conditions emerged on KCS was during May 16-19, when the coin was again consolidating with the 4H MA50 supporting.
What happened after that sideways trade was a test and subsequent break-out of the 4H MA100 (green trend-line). That delivered a rebound to the 4H MA200 (orange trend-line) in 4 days. At the moment the 4H MA100 is at 11.440 and declining fast and the 4H MA200 at 13.920. There is a Lower Highs trend-line involved however, acting as a Resistance so our strategy is to buy when the 4H MA100 breaks but only target the Lower Highs trend-line instead of the 4H MA200 and then re-evaluate on a 1D level.
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KCSUSDT 1D There are signs for start growingThe KCSUSDT price continues to move in the global falling channel. This channel can be interpreted as a global "bull flag"
The first signs of reversal pattern formation appeared on the graph.
We can assume that a reversible pattern, the "Head and Shoulders" will be formed. In the left shoulder the largest volumes, in the head despite the fact that the price has updated the minimum volumes have decreased. Further, according to the scheme there should be an increase in the KCS price on mediocre volumes, without strong resistance of sellers from above.
The first target from above + 80% at the intersection of the upper boundary of the falling channel and a strong mirror level $17.80
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
KCSUSDT Establishing a SupportThe KuCoin token (KCSUSDT) reached on Saturday the Support formed from the previous Low on May 12. That Low kickstarted a huge +90% rally that broke above the 1D MA50 (blue trend-line) and almost reached the 1D MA100 (green trend-line). The 1D RSI is on Higher Lows and last time we had the same set of technical parameters was on June 22 2021, exactly 1 year ago.
It is fair to say that the price didn't hit the Support back then, but came very close to. Still, that initiated a strong rally towards almost the previous High. Right now we have an Internal Lower Highs trend-line to consider, as well as the 1D MA50 as a short-term Resistance. So as long as the Support closes candles above it, target the 1D MA50. If it breaks, we should see a test of the 1W MA200 (red trend-line).
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KCS - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Left Chart
KCS is approaching a strong support zone and round number 10.0 so we will be looking for buy setups on lower timeframes.
H1: Right Chart
KCS is forming an inverse head and shoulders pattern, but it is still an idea.
Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, KCS can still trade lower and break the 10.0 support. In this case a movement till the 5.0 support would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCSUSDT 1D On the chart, the global "Bull flag"Looking at the schedule of the KCSUSDT, we clearly see that from the end of 2021 the price is in a trend of falling and clearly moves the channel down.
However, there was an interesting nuance recently. At this time, when the BTC and ETH was strongly updated the minimums, which were previously installed in the May fall, the price of KCS did not update minimum at least.
We bring to your attention a potential trade within the channel:
Entrance $11-11.50
Stop below $9.44
Take Profit $17.94
Profit/loss ratio 4/1
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
KCS - Strong Zones!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is approaching a a strong support zone and round number 10.0 so we will be looking for buy setups on lower timeframes.
As per my trading style:
As KCS approaches the 10.0 zone, I will be looking for reversal setups (like a double bottom pattern, trendline break, and so on...)
Unless the 10.0 support is broken, then a movement till the 5.0 support where we will be looking for buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCSUSDT 1D Long-term investment #1At the beginning of the year, we have published a serial of ideas introduced an investment trade into token Kucoin KCS, with a weekly updating of our opinions about the KCSUSDT price movement, and how we manage the position
The result is the break-even stop for +2.5% that we received when the whole cryptomarket began to fall.
More detail what we have chosen this token for medium(long)-term investment and the last update of the idea below:
Further, we only do shot short trades, because the market went into the stage of correctional fall.
And the other day, we have released a global idea on BTCUSDT, which noted that in our opinion, the price is now in a critical zone from where a not bad grew could be organized. More in more detail in the idea below:
Therefore, we will try to restore the investment section in the KCS, and every week we will update the information how we manage the position.
Considering that we expect growth in BTCUSD pair is a big chance that the rest of the cryptocurrencies will be tightened up by the main trade couple.
The price of KCSUSDT has bounced very well after May fall and now, after a weak correction (which may indicate the power of buyers) tries to fix above the mirror level of $15.00
Therefore, given the above facts, we offer the following input data for a long -term position:
Entrance in the range of $15.25-15.75
Stop below $10.99
Take Profit in the area of $41.50
Profit/loss ratio 6/1
We expect that the summer can give a not bad wave of growth, of course, if there are no force Major.
So, if you are interested in this section: Put a like, write a comment and subscribe to us , and we will update the information every week how we manage this position and what we see new ones on the KCSUSDT chart.
KCS - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for KCS.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
KCS/BTC - Resistance hit, time for some cooldown. 🤔KCS on the Bitcoin pair has hit the key resistance at 5.8k satoshi.
Now, the price is reversing and if we are to look at the USD pair (see idea below) it seems the bullish momentum may have to take a pause.
For this reason, a retest of the 5k satoshi support line may be in order before KCS can hope to break the key resistance here.
The indicators on the daily timeframe are also curving back down and may signal a local top.
Bias is short on this price action, best to be on guard here and keep a close eye on the support.
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KCS - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS rejected our green support and traded higher, so we are currently trading inside this orange channel.
As per my trading plan, I will be looking for trend-following buy setups on lower timeframes if price retests the lower orange trendline acting as a non-horizontal support.
and we will be expecting the bears to take over for a correction after retesting the upper orange/red trendlines.
Which scenario do you think is more likely to happen? Which floor is more likely to hold?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich